How worried should Dems be about the GOP’s huge cash advantage?
The Democratic National Committee had $16 million in cash on hand at the end of July, compared to the Republican National Committee’s $130 million on hand. That staggering cash gap is only compounded when you factor in the DNC’s nearly $18 million in debts owed, putting them firmly in the red.
Republicans’ money advantage is particularly stark in the frontline Senate races like Texas, where party money, outside PAC spending, and individual donations are fueling unprecedentedly expensive contests. By the end of September, the race between Democrat James Talarico and Republican Ken Paxton had seen almost $259 million in total ad spending for the general election, which was already higher than the $202 million spent in 2024, when Democrat Colin Allred faced off against Senator Ted Cruz. In September alone, GOP spending groups pumped $122 million into the state to counter Talarico’s increasingly high polling numbers.
But it’s less clear what that spending will actually buy. “Money is important, but it’s not everything,” said Bruce Freed, the president of the Center for Political Accountability. “Public angst, deep public concern, can offset the type of money advantage—or at least mitigate some of the money advantage—that you’re seeing today.”
Senate hopefuls aren’t the only ones facing high levels of spending. A handful of House races have racked up massive price tags too. All in all, the GOP has spent or booked $454 million on House races to Democrats’ $381 million. In swing districts, that spending disparity is heightened. In New York’s 17th congressional district, GOP Representative Mike Lawler has benefited from $20 million in spending since the start of August, compared to a meager $3.8 million for Cait Conley, his Democratic opponent.
—Emma Janssen
Outside Washington
On the other hand, The Washington Post reviews the prospects of Scott Colom, running for Senate in Mississippi against Republican incumbent Cindy Hyde-Smith. It’s a “long shot” in a state Trump won by 23 points, write Dan Merica and Gregory S. Schneider, but “top Democratic officials and donors [are] increasingly hopeful that he could pull off the inconceivable,” given “this year’s poor political environment for Republicans.”
—Heather Souvaine Horn
“Can a clean economy be built at the speed and scale that this moment demands?” At the Center for American Progress, Jessica Keller reviews the “lessons” from New York City’s Climate Week in late September. No real surprises here: Keller highlights the importance of “forward-looking policies that invest in emerging technology and industrial emissions reductions,” union jobs, and “clean, abundant power” that doesn’t increase households’ utility bills. But all of this, Keller writes, requires “bold, progressive leadership.”
In Closing
Good Week: James Talarico
Bad Week: Eric Schmitt
—Heather Souvaine Horn
The Oval Office didn’t exist when the White House was built in the 1790s. Under what president was the first Oval Office built? Hint: It coincided with the construction of the West Wing—in other words, at a time when the size of the president’s staff began to grow. (Sign up for The TNR Blue Book to find the answer in tomorrow’s newsletter.)
—Michael Tomasky
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